zonte metals

DJ, here is a go at the explanation

Market Maker short exemption and down tic rule eliminated.

In the early to mid 2000s, ETFs started to become very popular. Banksters argued to the regulators that they needed the ability to short stocks at any time, any price and in any quantity so they could maintain the price of the ETF relative to the underlying stocks or securities the ETF represented.

This was a legitimate issue and to accommodate the Banksters and their ETFs, the down tic rule was eliminated. Previously a stock could only be shorted at the last price, but with the down tic rule removed, a stock or ETF could be continuously shorted at lower prices to drive it lower, so – at least in theory the relationship between the ETF and relative securities could be maintained.

The regulators also came up with the market maker short exemption rule. If a Bankster is making a market in a stock, they are not required to report short sales, but their position is suppose to be relatively flat on a given day or certainly over a few trading days.

This was not a problem until Banksters and Market Makers started to abuse these new rules and powers. They first targeted the OTC market, where they shorted illiquid stocks lower and made profits on their short sales. With the advent of computer trading, they started applying this trading method to all U.S. Listed stocks when trading conditions appeared in their favour.

If you remember back in 2008, regulators banned short selling on over 100 stocks, mostly financial stocks to try and stop the downward spiral this short trading was causing. Around the same time, the Banksters started to move into Canadian stocks on the TSX and then after to TSXV stocks that can be very illiquid and easy to manipulate. The same thing now occurs on the CSE too.

Currently with computer trading every listed stock is a target of these unregulated and unreported short selling strategies. Often when a stock becomes a short target, other Banksters and traders will jump on board and short a stock. This is when you see and increase in the reported short volume as the last period reported on Zonte showed 87,000 short volume. Keep in mind that this may not show market maker shorting.

At least in the U.S., the short volume is reported on a daily basis, so one at least knows if the stock they invested in or are trading in was subject to short trading that day. In Canada it is only reported twice a month, so you only know the stock was shorted sometime in that 15 day period. Rather useless information.

The other advantage Banksters and Market Makers use is front running trades on other trading platforms. I will get into detail in a separate post.

DJ, you are right. It requires a detailed explanation that I will post later. Have some things to do this morning. Watch your email

This is market manipulation, why don't the regulators do something about it?

Whoever was the anonymous seller, now holds the RBC short position, or most of it as there looked to be 2 real trades. Anonymous sold 121k shares so a good indication of the undeclared short. Interesting to see who bids lower??

Every trade was around 2 1/2 minutes apart
Computer trading but I am not sure where they are going with this???

A ligit trader does not try and trade 200k plus shares for 2 or 3 pennies in a stock that is lucky to trade 50k shares in a day.

There are 1000s of stocks that trade way higher volume to make a couple penny trade.

RBC simply put the big offer up to make it look like there is selling pressure, so hopefully their new short buddy that bought at .30 thru anonymous can cover.

RBC bought 202,000 shares, and then several seconds before the close they offered 225,00 share at .325 and .33 cents. They try to make it look like they are a trader, buying at .30 and selling at .33.

Then on Friday, a computer bot was set to buy RBCs short position, buying 3,000 shares at a time, I guess to tr y and make it look like normal trading. I tried to show most trades at .30. Scotia and BMO made 2 trades, They were probably real sells

GoldnBoy wrote: Funny you ask, I was just looking at it. lot of RBC and anonymous bids

On Goldenboys post, last thursday, RBC was bidding for about 260k at 30 and 31 cents. I estimate they went short about 32 to 33 cent average.

Lynnsa, for sure a short shuffle. I will post some of the trading.

RBC simply moved their short position to another house.

Under the market maker short exemption rules, they are not suppose to hold a short position more than a few or several days. It got stretched out so they traded it to another house.

The trading foot print makes it obvious

Looks like the Bot was happy to sell only at $0.30

Looks like computer short bots are selling at 3,000 lots today.

Just a short shuffle to a different short.

Or maybe just maybe we have institutional players